William Blair Investment Management LLC Buys 6,378 Shares of Agilysys, Inc. $AGYS

William Blair Investment Management LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 572,600 shares of the software maker’s stock after acquiring an additional 6,378 shares during the period. William Blair Investment Management LLC’s holdings in Agilysys were worth $68,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after purchasing an additional 32,052 shares during the period. Wasatch Advisors LP boosted its position in Agilysys by 5.3% during the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock worth $115,204,000 after purchasing an additional 50,536 shares during the period. Wellington Management Group LLP boosted its position in Agilysys by 75.9% during the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after purchasing an additional 297,846 shares during the period. Artisan Partners Limited Partnership boosted its position in Agilysys by 2.3% during the third quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock worth $67,802,000 after purchasing an additional 14,308 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Agilysys by 14.6% during the third quarter. Principal Financial Group Inc. now owns 461,482 shares of the software maker’s stock worth $48,571,000 after purchasing an additional 58,691 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

AGYS opened at $79.84 on Monday. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 58.71 and a beta of 0.30. The business has a 50 day moving average of $69.33 and a 200-day moving average of $93.61.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $82.95 million during the quarter, compared to analyst estimates of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.Agilysys’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Equities analysts predict that Agilysys, Inc. will post 1.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Agilysys in a research report on Tuesday, May 19th. Wall Street Zen cut Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Oppenheimer increased their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $128.75.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.